Coinbase Hires Investment Bank Vet to Head New Institutional Unit

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Coinbase has tapped an investment banking and hedge fund veteran to run a new business unit tasked with building relationships with institutional cryptocurrency allocators.

Paul Magahis joined Coinbase earlier this month from investment bank StoneX, where he served as co-head of capital introduction, according to two people with knowledge of the matter.

At Coinbase, Magahis holds the title of senior manager for capital strategy. The plan is for the prime brokerage veteran to lean on his network of family offices, pensions, endowments, foundations and sovereign wealth funds to build relationships on behalf of Coinbase.

Coinbase has tapped an investment banking and hedge fund veteran to run a new business unit tasked with building relationships with institutional cryptocurrency allocators.

Paul Magahis joined Coinbase earlier this month from investment bank StoneX, where he served as co-head of capital introduction, according to two people with knowledge of the matter.

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